Miguelparb

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Just sharing my ideas...
Markets Allocation
100 % forex
Top Mentioned Symbols
NZDUSD 20% | 1 USDMXN 20% | 1 GBPUSD 20% | 1 USDJPY 20% | 1
Miguelparb Miguelparb USDMXN, D, Long ,
USDMXN: USDMXN waiting for a buy setup
46 4 0
USDMXN, D Long
USDMXN waiting for a buy setup

USDMXN it's been really sensitive to political rumors of USA presidential election, this take the currency to almost 20 MXN last week, price is currently in a correction, looks like it's going to resume the long movement, $19.14 zone look like a strong support, let's see how it behaves.

Miguelparb Miguelparb USDJPY, 240, Short ,
USDJPY: USDJPY Time to sell?
72 0 4
USDJPY, 240 Short
USDJPY Time to sell?

The USDJPY it's showing a nice setup to the short side, currently price it's touching the bearish trendline zone, at the same time this zone matches with a past resistance (purple zone) and the 61.8 retracement level of Fibonacci, let's just wait for a confirmation candle to place a sell order.

Miguelparb Miguelparb GBPUSD, 240, Short ,
GBPUSD: GBPUSD breaking support
48 0 1
GBPUSD, 240 Short
GBPUSD breaking support

GBPUSD has just break a support that had been holding since Brexit, it's seems that in the fight against this support the Bears have win and a downside move is about to develop, let's wait for a confirmation from the candles to enter on the short side

Miguelparb Miguelparb NZDUSD, 240,
NZDUSD: NZDUSD has formed a triangle
44 0 2
NZDUSD, 240
NZDUSD has formed a triangle

NZDUSD have been caught in a indecision zone for the last trading sessions, it seems to be preparing a good move, a triangle has been formed and price is fighting against a recent support and the bearish trendline, we are expecting a break of this zones, followed by a retest... lets see how the price acts

Miguelparb Miguelparb GBPJPY, D, Short ,
GBPJPY: GBPJPY Possible break of important support
38 0 2
GBPJPY, D Short
GBPJPY Possible break of important support

Price action is approaching to a resistance that have been holding price for the last weeks, break of it can lead the price to new lows. Let's wait for the move...

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